The definition used for poverty level is a family of 4 living on wages of $22,314 a year...for a family of four...$22,314 ayear...for a family of four...get it?
Working families of four people making $22,314 a year or less.
Poverty rate rises as incomes decline - Census - Sep. 13, 2011
Median income has changed very little over the last 30 years. Adjusted for inflation, the middle-income family only earned 11% more in 2010 than they did in 1980, while the richest 5% in America saw their incomes surge 42%.
"Over that period of time, it's not that the American economy has necessarily performed badly," Osterman said. "As a country we're richer over that period, but there's been this real shift in where the income has gone, and it's to the top."
Amplifying that trend, the bottom 60% of households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income.
$22,314 a year for a family of four, do they earn their income...morons.
How much tax do you neo-cons think the poor should pay on that outrageous salary?